Peak Hill Iron Project

Project Overview

Aust-Sino's highly prospective Peak Hill Iron Joint Venture is within Aust-Sino's 568 square kilometres of tenements in Western Australia's Mid West region and is part of the Robinson Range Banded Iron Formation (BIF). The project incorporates the Telecom Hill and Mt Padbury deposits.

The company also has a DSO JORC compliant resource of
11.5Mt @ 58.6% Fe within its tenements. The
Company has a DSO target of 10Mt to 55 Mt at 55-58% Fe.

As well as the highly prospective Telecom Hill asset,
geological mapping at the Mt Padbury prospect
has delineated several new iron ore targets with potentially
significant platy hematite-goethite mineralisation, with grades of
up to 63.2% Fe from rock chip samples.

Drilling is planned at this site once approval is received by
the Department of Environment and Conservation.

Geological mapping at Peak Hill identified: Magnetite
mineralisation, exploration target of 3.5-5Bt at between 25-35% Fe;
and hemetite-goethite mineralisation, exploration target of 10Mt to
55Mt at between 55-58% Fe. (DISCLAIMER NOTE: This
potential quantity and grades are conceptual in nature. There has
been insufficient exploration to define a Mineral Resource and it
is uncertain if further exploration will result in the
determination of a mineral resource).

Conceptual mining study completed to assess the viability and
cost of project development; scale of mine and plant production and
mining methods.

Environmental baseline studies completed with the first flora
and fauna studies undertaken at Mt Padbury and Telecom Hill.